Confluence Investment Management LLC cut its position in shares of National Interstate Corp. (NASDAQ:NATL) by 38.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 43,778 shares of the company’s stock after selling 27,795 shares during the period. Confluence Investment Management LLC owned 0.22% of National Interstate Corp. worth $1,424,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the stock. Chicago Equity Partners LLC acquired a new position in shares of National Interstate Corp. during the third quarter worth approximately $851,000. Strs Ohio raised its position in shares of National Interstate Corp. by 83.8% in the third quarter. Strs Ohio now owns 19,300 shares of the company’s stock worth $627,000 after buying an additional 8,800 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of National Interstate Corp. by 1.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 22,248 shares of the company’s stock worth $674,000 after buying an additional 294 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in shares of National Interstate Corp. during the second quarter worth approximately $161,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of National Interstate Corp. during the second quarter worth approximately $8,798,000. Institutional investors own 84.89% of the company’s stock.
National Interstate Corp. (NASDAQ:NATL) remained flat at $32.51 on Friday. The stock’s 50-day moving average is $32.46 and its 200-day moving average is $31.69. The firm has a market capitalization of $647.83 million, a P/E ratio of 23.54 and a beta of 0.88. National Interstate Corp. has a 52-week low of $21.15 and a 52-week high of $34.49.
The company also recently disclosed a special dividend, which was paid on Thursday, November 10th. Stockholders of record on Thursday, November 10th were given a dividend of $0.50 per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend was Tuesday, November 8th. National Interstate Corp.’s dividend payout ratio is presently 40.58%.
Separately, Zacks Investment Research raised National Interstate Corp. from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Thursday, August 11th.
National Interstate Corp. Company Profile
National Interstate Corporation and its subsidiaries operate as an insurance holding company that underwrites and sells traditional and alternative property and casualty insurance products to the passenger transportation, trucking and moving and storage industries, general commercial insurance to small businesses in Hawaii and Alaska and personal insurance to owners of recreational vehicles throughout the United States.